TL Private Wealth Acquires 14,004 Shares of First Trust Low Duration Opportunities ETF $LMBS

TL Private Wealth grew its holdings in shares of First Trust Low Duration Opportunities ETF (NASDAQ:LMBS) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 351,110 shares of the company’s stock after purchasing an additional 14,004 shares during the quarter. First Trust Low Duration Opportunities ETF comprises about 6.4% of TL Private Wealth’s investment portfolio, making the stock its 7th biggest position. TL Private Wealth’s holdings in First Trust Low Duration Opportunities ETF were worth $17,412,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Betterment LLC lifted its position in shares of First Trust Low Duration Opportunities ETF by 11.4% in the second quarter. Betterment LLC now owns 6,674 shares of the company’s stock worth $329,000 after buying an additional 681 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of First Trust Low Duration Opportunities ETF during the 2nd quarter valued at about $8,409,000. Raymond James Financial Inc. increased its holdings in shares of First Trust Low Duration Opportunities ETF by 5.4% during the 2nd quarter. Raymond James Financial Inc. now owns 3,595,511 shares of the company’s stock valued at $177,115,000 after acquiring an additional 185,249 shares during the last quarter. Jane Street Group LLC bought a new position in shares of First Trust Low Duration Opportunities ETF in the 2nd quarter valued at approximately $890,000. Finally, Bank of America Corp DE raised its stake in shares of First Trust Low Duration Opportunities ETF by 18.0% in the 2nd quarter. Bank of America Corp DE now owns 1,630,521 shares of the company’s stock valued at $80,319,000 after acquiring an additional 248,784 shares in the last quarter.

First Trust Low Duration Opportunities ETF Stock Performance

LMBS opened at $49.66 on Friday. The business has a 50 day moving average price of $49.70 and a 200 day moving average price of $49.92. First Trust Low Duration Opportunities ETF has a twelve month low of $47.87 and a twelve month high of $51.98.

First Trust Low Duration Opportunities ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a $0.17 dividend. The ex-dividend date was Tuesday, July 21st. This represents a c) dividend on an annualized basis and a yield of 4.1%.

About First Trust Low Duration Opportunities ETF

The First Trust Low Duration Opportunities ETF (LMBS) is an exchange-traded fund that is based on the Bloomberg U.S. MBS index. The fund is an actively managed fund that invests in a variety of mortgage-backed securities with target duration of less than 3 years. LMBS was launched on Nov 4, 2014 and is managed by First Trust.